The consistent daily repurchases signal management's view that the stock is undervalued at current levels, but the declining repurchase prices suggest limited immediate price support. Monitor for continuation of the buyback program and any future cancellation of treasury shares, which would be more accretive. The 30-day moratorium on new issuance after each repurchase limits equity dilution risk in the near term.
Price Chart
Executive Summary
Li Auto Inc. filed a Form 6-K with four Next Day Disclosure Returns reporting on-market share repurchases on the Hong Kong Stock Exchange on June 2, 3, 4, and 5, 2026. Over these four days, the company repurchased a total of 6,231,000 shares at an aggregate cost of approximately HKD 367 million, with all repurchased shares held as treasury shares. This is a routine capital allocation activity under a recently approved repurchase mandate and does not signal any material change in the company's financial condition or outlook.
Key Facts
- Li Auto repurchased 2,219,500 shares on June 2, 2026 at an aggregate price of HKD 136,293,058.45 (HKD 61.4071 per share weighted average).
- Li Auto repurchased 664,000 shares on June 3, 2026 at an aggregate price of HKD 39,266,569.60 (HKD 59.1364 per share weighted average).
- Li Auto repurchased 1,885,700 shares on June 4, 2026 at an aggregate price of HKD 108,143,197.87 (HKD 57.3491 per share weighted average).
- Li Auto repurchased 1,461,800 shares on June 5, 2026 at an aggregate price of HKD 83,254,918.66 (HKD 56.9537 per share weighted average).
- Total repurchases over the four days: 6,231,000 shares for approximately HKD 367 million.
- All repurchased shares were held as treasury shares (none cancelled).
- The repurchase mandate was granted on May 29, 2026, authorizing up to 214,280,424 shares; cumulative repurchases under the mandate as of June 5 were 7,359,688 shares (0.3435% of issued shares).
- A 30-day moratorium on new share issuance or treasury share sales applies after each repurchase date (up to July 5, 2026 for the last repurchase).
Financial Impact
Total repurchase of approximately HKD 367 million over four days, representing about 0.35% of outstanding shares. The repurchases are being executed at declining prices (from ~HKD 61.4 to ~HKD 57.0), suggesting the company is actively supporting the stock price.
Risk Factors
- Repurchases are being held as treasury shares rather than cancelled, reducing the EPS accretion benefit.
- The declining repurchase price trend (from HKD 61.4 to HKD 57.0) may indicate waning buying conviction or a falling stock price.
- No financial results or guidance were provided in this filing; the buyback alone does not address underlying business fundamentals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-071143 |
| Document: tm2617107d1_ex99-3.htm | 0001104659-26-071143 |
| Document: tm2617107d1_ex99-4.htm | 0001104659-26-071143 |
| Document: tm2617107d1_ex99-2.htm | 0001104659-26-071143 |
| Document: tm2617107d1_6k.htm | 0001104659-26-071143 |
| Document: 0001104659-26-071143-index-headers.html | 0001104659-26-071143 |
| Document: 0001104659-26-071143-index.html | 0001104659-26-071143 |
| Document: 0001104659-26-071143.txt | 0001104659-26-071143 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 8, 2026 20w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −41.15% | $5.90 (−37.83%) |
Jun 1, 2026 21w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −39.06% | $5.90 (−37.83%) |
Jun 1, 2026 21w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −39.06% | $5.90 (−37.83%) |
May 29, 2026 21w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −39.01% | $5.90 (−37.83%) |
May 28, 2026 21w ago | 6-K | $9.49 $5.90 | ▲ +37.83% | ▲ +39.01% | $5.90 (+37.83%) |
May 26, 2026 22w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −40.55% | $5.90 (−37.83%) |
May 15, 2026 23w ago | 6-K | $9.49 $5.90 | ▼ −37.83% | ▼ −42.34% | $5.90 (−37.83%) |
May 12, 2026 24w ago | 6-K | $9.49 $9.49 | · 0.00% | ▼ −4.38% | $5.90 (−37.83%) |
May 11, 2026 24w ago | 6-K | $9.49 $9.49 | · 0.00% | ▼ −4.39% | $5.90 (−37.83%) |
Apr 27, 2026 26w ago | 6-K | $9.49 $9.49 | · 0.00% | ▼ −4.78% | $5.90 (−37.83%) |
US Market Status
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